D1 Capital Partners L.P. Sells 802,000 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

D1 Capital Partners L.P. cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 66.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 409,234 shares of the e-commerce giant's stock after selling 802,000 shares during the period. Amazon.com makes up approximately 1.5% of D1 Capital Partners L.P.'s investment portfolio, making the stock its 24th largest position. D1 Capital Partners L.P.'s holdings in Amazon.com were worth $89,782,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its position in Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. FMR LLC boosted its stake in shares of Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after purchasing an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after purchasing an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after purchasing an additional 4,087,933 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Amazon.com in the 4th quarter valued at approximately $27,266,582,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Brian T. Olsavsky sold 14,620 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the transaction, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at approximately $10,933,860. The trade was a 22.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 80,081 shares of company stock valued at $17,421,044. 9.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMZN. Morgan Stanley reduced their price target on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Mizuho cut their target price on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Piper Sandler reiterated an "overweight" rating and set a $212.00 target price (down from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Barclays cut their target price on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Finally, DA Davidson cut their target price on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. According to MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average target price of $244.09.

Amazon.com Price Performance

AMZN opened at $201.12 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 36.37, a P/E/G ratio of 1.50 and a beta of 1.30. The firm's fifty day moving average price is $189.74 and its two-hundred day moving average price is $208.74. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 EPS. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.